Wireless Audio Device Market

Wireless Audio Device Market is predicted to reach at USD 143 Billion by 2028 at a CAGR of 24.4% CAGR during the forecast period.

Introduction of the Wireless Audio Device Market

Wireless audio devices are loudspeakers or headphones that receive audio signals using radiofrequency waves (RF). Wireless technology such as Bluetooth or Wi-Fi-enabled smartphones provides an easy way to stream music or any audio. A wireless audio receiver picks up the radio signal broadcast by the transmitter and changes it back to an audio signal. Wireless audio devices are either rechargeable or can be used with batteries.

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Market Dynamic

Key Drivers and Emerging Trends

With the increase of portable infotainment devices such as mobile, laptops, and tablets, the increase in the adoption of wireless technologies such as Bluetooth and wi-fi for music streaming is also increasing. Audio devices such as soundbars, microphones, speakers, and headphones have significantly increased the sale of audio systems influencing the audio industry to adapt as per the consumer trend, further propelling the market growth. Moreover, wireless technology has played a vital role in the semiconductors and electronics industry. Advancement in technologies and investment in innovative devices has opened new avenues for wireless devices in the industry.

Advanced technologies such as AI, spatial audio, and voice assistance have changed the trend of wireless audio devices. Active noise cancellation and transparency have become standard features in most devices. At the same time, spatial audio delivers a theatre-like experience by providing a user with a feeling of being present in a three-dimensional scene to the listener. Moreover, voice assistance in smart speakers is the current trend in the market. It allows a user to sit at a place and command its device as per the need. For instance, Google is providing a Nest audio device that can be controlled with voice, and the device can also control the smart appliances of the house.

Restraint in the Wireless Audio Device Market

However, wireless audio devices can harm human health. Hearing compliance, frequency errors in sound quality, or improper effect of coding and bandwidth can lead to brain cancer and hearing impairment, further restricting the market growth.

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Technology – Segment Analysis

Based on technology, the Bluetooth segment is expected to witness higher growth in the coming years. Bluetooth devices are universally adapted and is compatible with almost every device. Audio devices streaming in consumer electronics is carried out by using Bluetooth technology. For instance, in 2020, Bluetooth SIG, Inc., launched the latest version of Bluetooth technology-version 5.2. It will offer new benefits for the next generation of wireless devices and audio technologies.

Product – Segment Analysis

Based on product, the headphones segment is projected to witness higher growth in the coming years. The rising smartphones penetration will lead to a higher demand for headphones. Wireless headphones can be easily controlled with a set of buttons or by touch control. For instance, in 2021, Sony launched two new headphones as a part of Sony’s extra bass series. The product feature active noise cancellation. The Sony wireless headphones support two simultaneous connections over Bluetooth and Fast Pair and Swift Pair features.

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Regional – Segment Analysis

Based on region, the North America region is projected to grow as the largest market for Wireless Audio Device globally during the forecast period. The growing trend of smartphones, higher adoption of electronic devices, and higher consumer disposable income are the factors for the growth of market share of wireless audio devices in the North America region. Furthermore, launch of different wireless devices with innovative features is further propelling market growth. For instance, in 2020, Apple Inc. announced AirPods Max, innovative wireless headphones with Adaptive EQ, Active Noise Cancellation, Transparency mode, and Spatial mode.

Top Market Players

Several leading players in the market include Sennheiser Electronic GmbH, Samsung Electronics, Apple Inc., Sony Corporation, Bose Corporation, LG Electronics, Harman International Industries, Sonos Inc., Vizio Holdings Inc., Koninklijke Philips N.V., and among others.

Key Developments:

• • In 2021, Bose Corporation has launched Bose sport open earbuds, the first of their kind that doesn’t go into the ear. Bose OpenAudio technology offers a unique open-ear design to produce high-quality sound without covering the ears.
  • In 2021, Sony launched a new X-Series of wireless party speakers. All these speakers feature battery care mode, which stops the speaker from reaching 100% charge to increase the battery’s lifespan. It comes with a long-lasting battery life of up to 30 hours.

Segments covered in the Report:

The Wireless Audio Device Market has been segmented based on Technology, Product, and region. Based on Technology, the market is segmented into Bluetooth, Wi-Fi, Radio Frequency, Airplay. Based on Product, market is segmented into Headphones, Headset, Speaker System, Soundbars, Microphones, and Others. Based on Functionality, market is segmented into Smart Devices, Non-Smart Devices.

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Key questions answered in this research report:

• • At what pace is global wireless audio device market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Wireless Audio Device Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Wireless Audio Device market?
  • Which technology generated maximum revenues in 2020 and identify the most promising technology during the forecast period?
  • What is the various product of global Wireless Audio Device Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Wireless Audio Device Market by Technology

• • • Bluetooth
    • Wi-Fi
    • Radio Frequency
    • Airplay

Global Wireless Audio Device Market by Product

• • • Headphones
    • Headset
    • Speaker System
    • Soundbars
    • Microphones
    • Others

Global Wireless Audio Device Market by Functionality

• • • Smart Devices
    • Non-Smart Devices

Global Wireless Audio Device Market by Region

• • North America Wireless Audio Device Market (Option 1: As a part of the free 25% customization)
    • North America Wireless Audio Device Market by Technology
    • North America Wireless Audio Device Market by Product
    • North America Wireless Audio Device Market by Functionality
    • US Wireless Audio Device Market All-Up
    • Canada Wireless Audio Device Market All-Up
  • Europe Wireless Audio Device Market (Option 2: As a part of the free 25% customization)
    • Europe Wireless Audio Device Market by Technology
    • Europe Wireless Audio Device Market by Product
    • Europe Wireless Audio Device Market by Functionality
    • UK Wireless Audio Device Market All-Up
    • Germany Wireless Audio Device Market All-Up
    • France Wireless Audio Device Market All-Up
    • Spain Wireless Audio Device Market All-Up
    • Rest of Europe Wireless Audio Device Market All-Up
  • Asia-Pacific Wireless Audio Device Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Wireless Audio Device Market by Technology
    • Asia-Pacific Wireless Audio Device Market by Product
    • Asia-Pacific Wireless Audio Device Market by Functionality
    • China Wireless Audio Device Market All-Up
    • India Wireless Audio Device Market All-Up
    • Japan Wireless Audio Device Market All-Up
    • Rest of APAC Wireless Audio Device Market All-Up
  • RoW Wireless Audio Device Market (Option 4: As a part of the free 25% customization)
    • RoW Wireless Audio Device Market by Technology
    • RoW Wireless Audio Device Market by Product
    • RoW Wireless Audio Device Market by Functionality
    • Brazil Wireless Audio Device Market All-Up
    • South Africa Wireless Audio Device Market All-Up
    • Saudi Arabia Wireless Audio Device Market All-Up
    • UAE Wireless Audio Device Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Wireless Audio Device Market All-Up

Major Players Operating in the Wireless Audio Device market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • • Sennheiser Electronic GmbH
    • Samsung Electronics
    • Apple Inc.
    • Sony Corporation
    • Bose Corporation
    • LG Electronics
    • Harman International Industries
    • Sonos Inc.
    • Vizio Holdings Inc.
    • Koninklijke Philips N.V.